10/13/2026
Gold is trading below CAD $5,991 per ounce as a stronger US dollar and expectations around future interest rate decisions keep the market in focus.
Investors are closely watching this weekβs US inflation reports, with consumer price data due Wednesday and producer inflation figures on Thursday. These reports could offer fresh clues about the Federal Reserveβs next move. Markets currently expect interest rates to remain unchanged this month, while the possibility of a December rate hike remains on the radar.
Our Take: HOLD & WATCH FOR BUYING OPPORTUNITIES
Although a stronger dollar may weigh on gold in the short term, ongoing geopolitical risks and inflation concerns continue to keep the precious metal relevant to investors. Price dips may offer opportunities for those looking to build their gold holdings gradually.
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